ANHEUSER-BUSCH INBEV-SPN ADR (BUD) Stock Fundamental Analysis
USA - NYSE:BUD - US03524A1088 - ADR
58.475 USD
-0.53 (-0.91%)
BUD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 32 industry peers in the Beverages industry. There are concerns on the financial health of BUD while its profitability can be described as average. BUD is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
BUD had positive earnings in the past year.
In the past year BUD had a positive cash flow from operations.
BUD had positive earnings in each of the past 5 years.
Each year in the past 5 years BUD had a positive operating cash flow.
1.2 Ratios
BUD has a Return On Assets (3.37%) which is in line with its industry peers.
BUD's Return On Equity of 8.82% is in line compared to the rest of the industry. BUD outperforms 53.13% of its industry peers.
The Return On Invested Capital of BUD (6.35%) is comparable to the rest of the industry.
BUD had an Average Return On Invested Capital over the past 3 years of 6.05%. This is significantly below the industry average of 11.08%.
The 3 year average ROIC (6.05%) for BUD is below the current ROIC(6.35%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 8.82% | ||
| ROIC | 6.35% |
ROA(3y)2.69%
ROA(5y)2.17%
ROE(3y)7.38%
ROE(5y)6.2%
ROIC(3y)6.05%
ROIC(5y)5.66%
1.3 Margins
With an excellent Profit Margin value of 12.16%, BUD belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
BUD's Profit Margin has declined in the last couple of years.
The Operating Margin of BUD (26.51%) is better than 84.38% of its industry peers.
BUD's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 55.70%, BUD is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
BUD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.51% | ||
| PM (TTM) | 12.16% | ||
| GM | 55.7% |
OM growth 3Y-0.42%
OM growth 5Y-3.7%
PM growth 3Y4.44%
PM growth 5Y-10.98%
GM growth 3Y-1.3%
GM growth 5Y-1.99%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BUD is creating some value.
Compared to 1 year ago, BUD has less shares outstanding
Compared to 5 years ago, BUD has more shares outstanding
BUD has a better debt/assets ratio than last year.
2.2 Solvency
BUD has an Altman-Z score of 1.66. This is a bad value and indicates that BUD is not financially healthy and even has some risk of bankruptcy.
BUD's Altman-Z score of 1.66 is in line compared to the rest of the industry. BUD outperforms 43.75% of its industry peers.
The Debt to FCF ratio of BUD is 6.48, which is on the high side as it means it would take BUD, 6.48 years of fcf income to pay off all of its debts.
BUD's Debt to FCF ratio of 6.48 is fine compared to the rest of the industry. BUD outperforms 62.50% of its industry peers.
BUD has a Debt/Equity ratio of 0.89. This is a neutral value indicating BUD is somewhat dependend on debt financing.
The Debt to Equity ratio of BUD (0.89) is worse than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Altman-Z | 1.66 |
ROIC/WACC1.03
WACC6.14%
2.3 Liquidity
BUD has a Current Ratio of 0.64. This is a bad value and indicates that BUD is not financially healthy enough and could expect problems in meeting its short term obligations.
BUD has a Current ratio of 0.64. This is amonst the worse of the industry: BUD underperforms 81.25% of its industry peers.
BUD has a Quick Ratio of 0.64. This is a bad value and indicates that BUD is not financially healthy enough and could expect problems in meeting its short term obligations.
BUD has a Quick ratio of 0.48. This is in the lower half of the industry: BUD underperforms 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.61% over the past year.
BUD shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.83% yearly.
The Revenue has decreased by -2.35% in the past year.
The Revenue has been growing slightly by 2.69% on average over the past years.
EPS 1Y (TTM)9.61%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8.89%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-2.15%
3.2 Future
BUD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.15% yearly.
The Revenue is expected to grow by 4.34% on average over the next years.
EPS Next Y7.22%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
EPS Next 5Y12.15%
Revenue Next Year1.21%
Revenue Next 2Y3.11%
Revenue Next 3Y3.98%
Revenue Next 5Y4.34%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.07, the valuation of BUD can be described as correct.
78.13% of the companies in the same industry are more expensive than BUD, based on the Price/Earnings ratio.
BUD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.43.
Based on the Price/Forward Earnings ratio of 13.08, the valuation of BUD can be described as correct.
Based on the Price/Forward Earnings ratio, BUD is valued a bit cheaper than 78.13% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.87. BUD is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.07 | ||
| Fwd PE | 13.08 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BUD indicates a rather cheap valuation: BUD is cheaper than 84.38% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BUD indicates a rather cheap valuation: BUD is cheaper than 93.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.72 | ||
| EV/EBITDA | 8.6 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BUD does not grow enough to justify the current Price/Earnings ratio.
BUD has a very decent profitability rating, which may justify a higher PE ratio.
BUD's earnings are expected to grow with 12.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.09
PEG (5Y)N/A
EPS Next 2Y9.53%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.37%, BUD has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.83, BUD has a dividend in line with its industry peers.
With a Dividend Yield of 1.37, BUD pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
The dividend of BUD decreases each year by -12.03%.
BUD has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of BUD decreased recently.
Dividend Growth(5Y)-12.03%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
51.68% of the earnings are spent on dividend by BUD. This is a bit on the high side, but may be sustainable.
DP51.68%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
NYSE:BUD (9/12/2025, 3:03:56 PM)
58.475
-0.53 (-0.91%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners19.76%
Inst Owner Change-2.65%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap113.33B
Analysts82.5
Price Target81.83 (39.94%)
Short Float %0.66%
Short Ratio2.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend1.35
Dividend Growth(5Y)-12.03%
DP51.68%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.58%
Min EPS beat(2)1.01%
Max EPS beat(2)8.16%
EPS beat(4)4
Avg EPS beat(4)8.8%
Min EPS beat(4)1.01%
Max EPS beat(4)20.27%
EPS beat(8)8
Avg EPS beat(8)7.13%
EPS beat(12)12
Avg EPS beat(12)8.52%
EPS beat(16)14
Avg EPS beat(16)8.77%
Revenue beat(2)0
Avg Revenue beat(2)-2.69%
Min Revenue beat(2)-3.28%
Max Revenue beat(2)-2.1%
Revenue beat(4)1
Avg Revenue beat(4)-1.25%
Min Revenue beat(4)-4.2%
Max Revenue beat(4)4.57%
Revenue beat(8)2
Avg Revenue beat(8)-1.89%
Revenue beat(12)2
Avg Revenue beat(12)-1.98%
Revenue beat(16)6
Avg Revenue beat(16)-1.07%
PT rev (1m)-2.38%
PT rev (3m)-1.84%
EPS NQ rev (1m)2.11%
EPS NQ rev (3m)7.65%
EPS NY rev (1m)6.27%
EPS NY rev (3m)6.34%
Revenue NQ rev (1m)-0.49%
Revenue NQ rev (3m)2.75%
Revenue NY rev (1m)-0.93%
Revenue NY rev (3m)-0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.07 | ||
| Fwd PE | 13.08 | ||
| P/S | 1.94 | ||
| P/FCF | 9.72 | ||
| P/OCF | 7.46 | ||
| P/B | 1.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.6 |
EPS(TTM)3.88
EY6.64%
EPS(NY)4.47
Fwd EY7.65%
FCF(TTM)6.02
FCFY10.29%
OCF(TTM)7.84
OCFY13.4%
SpS30.19
BVpS41.62
TBVpS-38.8
PEG (NY)2.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 8.82% | ||
| ROCE | 8.71% | ||
| ROIC | 6.35% | ||
| ROICexc | 6.62% | ||
| ROICexgc | 76.01% | ||
| OM | 26.51% | ||
| PM (TTM) | 12.16% | ||
| GM | 55.7% | ||
| FCFM | 19.92% |
ROA(3y)2.69%
ROA(5y)2.17%
ROE(3y)7.38%
ROE(5y)6.2%
ROIC(3y)6.05%
ROIC(5y)5.66%
ROICexc(3y)6.43%
ROICexc(5y)6.06%
ROICexgc(3y)81%
ROICexgc(5y)72.75%
ROCE(3y)8.3%
ROCE(5y)7.79%
ROICexcg growth 3Y11.31%
ROICexcg growth 5Y15.72%
ROICexc growth 3Y4.65%
ROICexc growth 5Y2.73%
OM growth 3Y-0.42%
OM growth 5Y-3.7%
PM growth 3Y4.44%
PM growth 5Y-10.98%
GM growth 3Y-1.3%
GM growth 5Y-1.99%
F-Score7
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 6.48 | ||
| Debt/EBITDA | 3.44 | ||
| Cap/Depr | 65.6% | ||
| Cap/Sales | 6.04% | ||
| Interest Coverage | 4.35 | ||
| Cash Conversion | 72.68% | ||
| Profit Quality | 163.87% | ||
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 1.66 |
F-Score7
WACC6.14%
ROIC/WACC1.03
Cap/Depr(3y)85.67%
Cap/Depr(5y)89.39%
Cap/Sales(3y)7.73%
Cap/Sales(5y)8.33%
Profit Quality(3y)163.01%
Profit Quality(5y)238.24%
High Growth Momentum
Growth
EPS 1Y (TTM)9.61%
EPS 3Y4.79%
EPS 5Y-1.83%
EPS Q2Q%8.89%
EPS Next Y7.22%
EPS Next 2Y9.53%
EPS Next 3Y12.23%
EPS Next 5Y12.15%
Revenue 1Y (TTM)-2.35%
Revenue growth 3Y3.25%
Revenue growth 5Y2.69%
Sales Q2Q%-2.15%
Revenue Next Year1.21%
Revenue Next 2Y3.11%
Revenue Next 3Y3.98%
Revenue Next 5Y4.34%
EBIT growth 1Y2.99%
EBIT growth 3Y2.81%
EBIT growth 5Y-1.1%
EBIT Next Year40.75%
EBIT Next 3Y17.25%
EBIT Next 5Y12.28%
FCF growth 1Y56.54%
FCF growth 3Y6.91%
FCF growth 5Y4.78%
OCF growth 1Y19.49%
OCF growth 3Y0.57%
OCF growth 5Y1.41%